FameEX Hot Topics | MicroStrategy's Saylor Shares BTC Tracker, Teases Potential Bitcoin Purchase on Monday

According to data from the SaylorTracker website, MicroStrategy currently holds 446,400 Bitcoin, valued at approximately $43.7 billion. The company’s co-founder, Michael Saylor, posted a Bitcoin chart from the SaylorTracker website on January 5, hinting at a potential Bitcoin purchase on Monday. This follows a similar post on December 29, MicroStrategy’s acquisition of 2,138 BTC at an average price of $97,837 per coin on December 30.

MicroStrategy continues to pursue its ambitious 21/21 plan, aiming to secure $42 billion in Bitcoin. This strategy involves raising $21 billion through equity issuance and another $21 billion via fixed-income securities. The company’s aggressive Bitcoin acquisition approach highlights its commitment to building substantial reserves, further strengthening its position as a major institutional holder of cryptocurrency.

On December 23, 2024, MicroStrategy joined the Nasdaq 100, a market index featuring the 100 largest companies listed on the Nasdaq exchange. Its inclusion provides traditional stock investors with indirect exposure to Bitcoin through exchange-traded funds (ETFs) tracking the index. This move further solidifies MicroStrategy’s role as a bridge between institutional investors and Bitcoin’s growing adoption.

Following its addition to the Nasdaq 100, MicroStrategy called a special shareholders meeting to seek approval for increasing its stock issuance. In a filing with the Securities and Exchange Commission (SEC) on December 23, the company requested an increase in class A common stock from 330 million shares to 10.3 billion shares. It also proposed raising preferred stock authorization from 5 million shares to over 1 billion shares to support its aggressive Bitcoin purchasing strategy.

On January 4, MicroStrategy announced plans to raise $2 billion through a perpetual preferred stock offering. This offering will hold seniority over common stock in case of bankruptcy or liquidation. Separate from the company’s 21/21 plan, the proposed raise aims to further strengthen MicroStrategy’s financial position and is expected to be finalized in the first quarter of 2024, pending shareholder approval.

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